Bharti Airtel has the tendency to be the contrarian index stock. Currently it is showing signs of 'bottoming' out and I expect that a break above Rs 315/- should trigger buying interest which can take to Rs 345 initially and then to Rs 370 levels.
The Rs 375 levels should give a strong resistance to prices.
Happy trading - but be careful with other stocks / nifty!
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
1 comment:
Rajiv, the dollar index seems to have bottomed out and ready for a rally. During these past few months, there was a familiar pattern: Short dollar and long everything else. Should we now expect the exact opposite to be true as well? Long dollar and short everything else, for short term (2-4 weeks)?
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